The Phoenix news radio station KTAR has warning to avoid online property auctions. The story states that the Realtor "asked not to be identified"!
Here's what the Phoenix Realtor had to say:
"One Valley realtor says she's against them and warns of some pitfalls."
"The banks and developers are using them as an avenue to get rid of properties," she said. "Developers are trying anything at this time to sell their properties and get rid of them because they're in so deep."
This same stuff is happening in Concho, Arizona right now
Tuesday, February 19, 2008
Phoenix Realtor Warns About Online Property Auctions
Posted by
Pete
at
8:19 AM
Labels: Brokers, Homes, Housing Bubble, Land, Real Estate
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